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Bessent says Trump's pick for the next Fed chair could happen next week
After months of speculation and political intrigue, President Donald Trump is close to nominating the next chair of the Federal Reserve, Treasury Secretary Scott Bessent said Tuesday. The president has whittled down the field to four candidates to succeed current Chair Jerome Powell and a decision is forthcoming, Bessent told CNBC during an interview at the World Economic Forum in Davos, Switzerland. “My guess is the president will reach a decision maybe as soon as next week,” he said during the “Squawk Box” interview. “We’ve had substantial conversations about this. We’ve run a process that started in ... (full story)
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Virtutis
Jan 20, 2026 11:48am
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clarktunes
Jan 20, 2026 1:36pm
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From cnbc.com | Jan 20, 2026
The saga over President Donald Trump’s efforts to reshape the Federal Reserve has another twist to it revolving over whether current Chair Jerome Powell will leave after his term at the helm is finished. Powell is done as the central bank leader on May 15, and it’s highly likely Trump will nominate his successor long before then. In fact, Treasury Secretary ...
